XRP/USDT – 30M – SELLThe combination jumps from the ascending trendline downwards
A descending movement downwards to the next support at 0.527200000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.542800000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.560800000 |
| 2nd High | 0.549800000 |
| Next High | 0.542800000 |
| Current Price | 0.552400000 |
| Next Low | 0.527200000 |
| 2nd Low | 0.526400000 |
| 3rd Low | 0.506600000 |